Is the Franchise Agreement included as an exhibit in the Crown Gold Exchange disclosure document?
Crown_Gold_Exchange Franchise · 2024 FDDAnswer from 2024 FDD Document
Issuance Date: June 4th, 2024
I received a disclosure document that included the following Exhibits:
- A. State Addenda to Disclosure Document
- B. Franchise Agreement (with State Addenda to Agreements, Guaranty and Non-Compete Agreement, Rider to Lease Agreement, and Form of General Release)
- C. Multi-Unit Development Agreement
- D. Item 21 Financial Statements
- E. State Administrators and Agents for Service of Process
Source: Item 23 — RECEIPTS (FDD pages 39–114)
What This Means (2024 FDD)
According to the 2024 Crown Gold Exchange Franchise Disclosure Document, the Franchise Agreement is included as an exhibit. Specifically, Exhibit B is the Franchise Agreement, which also includes State Addenda to Agreements, Guaranty and Non-Compete Agreement, Rider to Lease Agreement, and Form of General Release.
Prospective franchisees should carefully review Exhibit B, as it contains the full legal terms and conditions governing the franchise relationship. Understanding these terms is crucial before signing any agreements or making payments to Crown Gold Exchange.
In addition to the Franchise Agreement, the disclosure document includes other exhibits such as the State Addenda to Disclosure Document (Exhibit A), the Multi-Unit Development Agreement (Exhibit C), Item 21 Financial Statements (Exhibit D), and State Administrators and Agents for Service of Process (Exhibit E). Franchisees should review all exhibits to fully understand the franchise offering.
It is standard practice in the franchise industry to include the Franchise Agreement as an exhibit to the Franchise Disclosure Document. This allows potential franchisees to thoroughly review the agreement with legal counsel before making a final decision.